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Environmental information systems
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The indicator shows total economic losses from weather- and climate-related extreme events (such as windstorms, flooding, heatwaves, cold spells, droughts or wildfires) per country and per year (since 1980). A moving average for the previous 30 years is added because of the large interannual variability of the losses.
Climate change causes significant economic losses and agricultural vulnerability in Serbia
As outlined in Serbia’s 2021–2030 nationally determined contribution report, the nation has experienced climate-change-related damage and extreme weather events. Between 2000 and 2015, Serbia incurred damage amounting to a minimum of EUR 1.8 billion, but it incurred an additional EUR 5 billion documented during the subsequent period from 2015 to 2020. In 2021, Serbia suffered a severe drought that caused widespread crop failures. The drought is estimated to have cost the Serbian economy over EUR 500 million in lost agricultural output. Finally, during 2022, Serbia experienced a heatwave that caused widespread wildfires. The wildfires caused an estimated EUR 200 million in damage, including the loss of over 10 000 ha of forest. Given the substantial contribution of agricultural production to the overall gross domestic product, the national economy is notably susceptible to factors influencing agriculture. The repercussions of climate change on both crop and livestock production exert a direct influence on the food storage and food-processing sectors within the country.
References and footnotes
- ↵Government of Serbia, Nationally determined contribution (NDC) of the Republic of Serbia for the 2021–2030 period, accessed 26 June 2025, https://unfccc.int/sites/default/files/NDC/2022-08/NDC%20Final_Serbia%20english.pdf.